3,123 Sqft Lot
3,123 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 225020970
HOA Y/N No
Annual Tax Amount $427
Tax Year 2024
Lot Size 3,123 Sqft
Acres 0.0717
Lot Dimensions Appraiser
Property Sub-Type Commercial
Property Description
The recently enacted Live Local Act in Florida is designed to boost affordable housing by allowing administrative approval of multi-family and mixed-use residential developments in commercial zones. This legislation provides investors with avenues to develop affordable housing projects, potentially benefiting from various incentives and streamlined processes. Considerations:Given the lot's current size constraints for standalone development, acquiring adjacent parcels, such as 432 Diplomat Pkwy W, is advisable to meet building requirements and fully capitalize on the property's potential. 430 Diplomat Pkwy W represents a promising investment for those looking to participate in Cape Coral's growth. By leveraging opportunities presented by the Live Local Act and considering parcel consolidation, investors can unlock substantial value in this property.
Location
State FL
County Lee
Community Cape Coral
Area Cc41 - Cape Coral Unit 37-43, 48, 49
Rooms
Bedroom Description NaN
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Sewer Not Available, Water Not Available
Waterfront Description None
Water Access Desc None
Present Use Commercial
Garage No
Building
Lot Description See Remarks
Faces North
Sewer None
Water None
Others
HOA Fee Include None
Senior Community No
Tax ID 02-44-23-C1-02659.A150
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
If you have been thinking about selling your home, or are looking to buy your dream home, Dina Marie Realty welcomes the opportunity to meet you!! Feel free to reach out to me so we can discuss your real estate needs.